Alternative energy hurt by a windmill shortage
The race to build new sources of alternative energy from the wind is running into a formidable obstacle: not enough windmills...Numerous wind-power projects from Virginia to California have been stalled due to the shortage. But for some renewable-energy companies in Europe, where wind power has been in vogue for almost two decades, the logjam is a lucrative opportunity. These firms anticipated a shortage of turbines and locked in orders with makers. They're now using their considerable buying power to gobble up smaller utilities in the U.S. that couldn't otherwise get their hands on turbines.
July 9, 2007
by Keith Johnson
in Wall Street Journal
While Projects in U.S.
Stall, Europe's Utilities
Expand Their Reach
The race to build new sources of alternative energy from the wind is running into a formidable obstacle: not enough windmills.
In recent years, improved technology has made it possible to build bigger, more efficient windmills. That, combined with surging political support for renewable energy, has driven up demand. Now, makers can't keep up -- mostly because they can't get the parts they need fast enough.
• The Situation: Interest in renewable energy, such as wind power, is surging, but the makers of wind-turbine parts can't keep up... [continue via Web link]